Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$699,999 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,728 Sq. Ft.
  • Updated 4 days ago
See This Home
Save This Home
See This Home
Save This Home
Fully updated single story home and horse property on 9.4 acres of pasture, offering 3 bedrooms, 2 bathrooms, and 1,728 sqft with a partially finished basement. Recent updates include new roof, new interior and exterior paint, new vinyl plank flooring, new carpet, and fully updated kitchen and bathrooms. Interior features include built in bookshelves, a large laundry room, and a electric fireplace in the living room. Step outside to a covered deck and wrap around porch with beautiful views, perfect for enjoying peaceful country surroundings. The property includes a 60x36 insulated shop and barn, is fully fenced and landscaped, and offers plenty of room for animals, hobbies, and RV or boat storage. Additional upgrades include updated PEX plumbing and a 1500+ gallon water tank. A great opportunity for turnkey country living just minutes from town. Schedule your showing today!

Full Property Details for 40235 Rainbow Dr

General

  • Price: $699,999
  • Taxes: $4,556 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 642460667
  • Updated: 4/30/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Luxury Vinyl Plank, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Built-in Oven, Dishwasher, Disposal

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: Main

Exterior

  • Exterior Features: Barn(s), Covered Deck, Covered Patio, Fenced, Outbuilding, Porch, RV Parking, RV/Boat Storage, Yard

Parking

  • Parking Features: Driveway

Location

  • County: Linn
  • Driving Directions: Richardson Gap Rd

School Information

  • Elementary School: Centennial
  • Middle School: Scio
  • High School: Scio

Community

  • Community Name: 221 - Linn County

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard
  • Heating Fuel: Electricity

Utilities

  • Sewer: Standard Septic
  • Water: Well
  • Well: Yes

Structural Information

  • Property Detached: Yes
  • Architectural Style: 1 Story, Ranch
  • Basement Desc.: Crawl Space, Partially Finished
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,728
  • Year Built: 1970
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 9.4
  • Lot Size (Sq. Ft.): 409,464
  • Lot Size: 7 to 9.99 Acres
  • Frontage: Gravel
  • Lot Features: Gentle Sloping, Level, Pasture, Pond, Private, Trees

Financial Considerations

  • Tax Amount: $4,556.62
  • Tax Year: 2025
  • Terms: Call Listing Agent, Cash, Conventional, USDA Loan, VA Loan

Disclosures and Reports

  • Legal Description: 11S01W1000
  • Disclosures/Reports: Disclosure
  • Property ID: 55851

Listed by Real Broker (855) 450-0442, Billy Scott (541) 619-1632

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 40235 Rainbow Dr —

  • Billy Scott

    Real Broker

    855-450-0442

billy@billyscottrealestate.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 40235 Rainbow Dr

School District:Lebanon Community School District 9
NameGradesDistance
Lacomb School
34110 East Lacomb Road, Lebanon, OR 97355
K-84 mi
Lebanon High School
1700 South 5th Street, Lebanon, OR 97355
9-128.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40235 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/30/2026
Listed
$699,999
150%
MLS
2/01/2012
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40235 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,557
5%
$328,960
5%
2024
$4,350
3%
$312,620
3%
2023
$4,234
6%
$303,520
6%
2021
$3,976
-4%
$286,100
-3%
2022
$4,144
4%
$294,680
6%
2021
$3,976
3%
$277,770
3%
2019
$3,847
-48%
$269,680
3%
2018
$7,460
103%
$261,830
3%
2017
$3,674
2%
$254,210
3%
2016
$3,591
3%
$246,810
3%
2015
$3,471
2%
$239,630
3%
2014
$3,402
66%
$232,660
63%
2013
$2,045
—
$142,790
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 40235 Rainbow Dr

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Real Broker (855) 450-0442, Billy Scott (541) 619-1632

Just Listed near 40235 Rainbow Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

269 Church St, Jefferson, OR 97352 - Photo 1 Just Listed
$325,000

269 Church St  Jefferson, OR 97352

  • Manufactured Home
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,296
    Sq. Ft.
Listed by Works Real Estate, Ashlee Dawn Mecham
2239 Steiwer Rd SE, Jefferson, OR 97362 - Photo 1 Just Listed
$735,000
Open House

2239 Steiwer Rd SE  Jefferson, OR 97362

  • Single Family
  • Active
  • Updated 2 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,335
    Sq. Ft.
Listed By: LEANNA. LANGLEY | Nexthome Realty Connection
1678 Jay Pl SE, Jefferson, OR 97352 - Photo 1 Just Listed
$850,000

1678 Jay Pl SE  Jefferson, OR 97352

  • Single Family
  • Active
  • Updated 6 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,899
    Sq. Ft.
Listed By: GREG. MESSICK | Realtynet
269 Church St, Jefferson, OR 97352 - Photo 1 Just Listed
$325,000

269 Church St  Jefferson, OR 97352

  • Manufactured Home
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,296
    Sq. Ft.
Listed By: ASHLEE. MECHAM | Works Real Estate

Price Reduced near 40235 Rainbow Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

155 S 7th St, Jefferson, OR 97352 - Photo 1 Price Reduced
-$15,100 (-4.14%)
$349,900

155 S 7th St  Jefferson, OR 97352

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,112
    Sq. Ft.
Listed By: NANCY. ROCHA ALLEY | Homesmart Realty Group
15785 Coon Hollow Rd SE, Stayton, OR 97383 - Photo 1 Price Reduced
-$20,000 (-2.01%)
$975,000

15785 Coon Hollow Rd SE  Stayton, OR 97383

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,268
    Sq. Ft.
Listed By: ARIELLE. HERNANDEZ | Sundance Realty Llc
778 E Jefferson St, Stayton, OR 97383 - Photo 1 Price Reduced
-$24,900 (-2.77%)
$875,000

778 E Jefferson St  Stayton, OR 97383

  • Multi-Family
  • Active
  • Updated 2 days ago
Listed by SimpliHOM, Christy Cordova
545 NE Overlook Way, Sublimity, OR 97385 - Photo 1 Price Reduced
-$10,000 (-1.61%)
$610,000

545 NE Overlook Way  Sublimity, OR 97385

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,677
    Sq. Ft.
Listed By: BRANDON. LAO | Homesmart Realty Group

Recent Sales near 40235 Rainbow Dr

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

38160 Franklin Butte Rd, Scio, OR 97374 - Photo 1 Sold
$595,000

38160 Franklin Butte Rd  Scio, OR 97374

  • Single Family
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 1,491
    Sq. Ft.
Listed by Real Broker, Josh Scott
Sold by Non Rmls Broker, OR and WA Non Rmls
38160 Franklin Butte Bl, Scio, OR 97392 - Photo 1 Sold
$595,000

38160 Franklin Butte Bl  Scio, OR 97392

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,491
    Sq. Ft.
Listed By: JOSH. SCOTT | Real Broker
Sold by MIELI. HANSEN | Bst Realty, Llc
40104 Stayton Scio Rd, Scio, OR 97374 - Photo 1 Sold
$633,000

40104 Stayton Scio Rd  Scio, OR 97374

  • Manufactured Home
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 1,836
    Sq. Ft.
Listed by Matin Real Estate, Jordan Matin and Matin Real Estate, Paris Vollstedt
Sold by MORE Realty, Victoria Hudson
40104 Stayton Scio Rd, Scio, OR 97374 - Photo 1 Sold
$633,000

40104 Stayton Scio Rd  Scio, OR 97374

  • Manufactured Home
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,836
    Sq. Ft.
Listed By: JORDAN. MATIN | Matin Real Estate
Sold by NOM. NON-MEMBER SALE | Non-Member Sale

40235 Rainbow Dr, Scio, OR 97374 (MLS# 642460667) is a Single Family property with 3 bedrooms and 2 full bathrooms. 40235 Rainbow Dr is currently listed for $699,999 and was received on April 30, 2026. Want to learn more about 40235 Rainbow Dr? Do you have questions about finding other Single Family real estate for sale in Scio? You can browse all Scio real estate or contact a Coldwell Banker agent to request more information.

Tour this property